◉ HEADLINES

automotive sector

Proton’s April sales soar 17% to 11,025 units

Carmaker attributes robust performance to sustained demand, supported by quality improvements

MARii inks deal with Indonesia’s IOI on automotive industry collaboration

The Malaysia Automotive Robotics and IoT Institute (MARii) and the Indonesia Automotive Institute (IOI) inked a memorandum of understanding (MoU) on collaborating to advance the automotive industry of both countries.

Sime Darby to acquire 61.2% stake in UMW Holdings for RM3.57 bil

Sime Darby Bhd is acquiring a 61.2% stake in UMW Holdings Bhd from Permodalan Nasional Bhd for RM3.57 billion in cash to further scale up and strengthen its presence in the Malaysian automotive sector.

◉ Popular

Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

InDrive faces termination for flouting guidelines

It is the second Russian e-hailing app after Maxim to face ban by Land Public Transport Agency

Cleared for layoffs? AirAsia to retrench 20% of workforce in major cost-cutting move

This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source

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